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Guar Gum Market by Function (Thickening, Gelling, Binding, Friction Reducing), Application (Food & Beverages, Oil & Gas, Paper Manufacturing, Mining & Explosives, Pharmaceuticals & Cosmetics), Grade, and Region - Global Forecast to 2022

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Date: 16-Jun-2017
No. of pages: 162
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“The guar gum market projected to grow at a CAGR of 7.9%”

The guar gum market is projected to grow at a CAGR of 7.9% from 2017 to reach USD 1,115.8 million by 2022. The demand for guar gum is projected to be on the rise, owing to factors such as the booming oil & gas industry, increasing demand for convenience and processed food, and growth in innumerable applications such as mining, explosives, pharmaceutical, cosmetic, and paper industries, due to their multi-functional properties. Growth in shale gas production and increasing demand for frozen and dairy food products, are fueling the growth of guar gum demand. However, the market for guar gum is expected to fluctuate due to its high dependency on rainfall and the crude oil market. Also, the development of substitutes such as xanthan gum and locust gums can pose as a restraint for the market growth.

“Oil & gas segment, by application, is projected to be the fastest-growing in the guar gum market”

In terms of both value and volume, the oil & gas segment is projected to grow at the highest rate between 2017 and 2022. Due to functional properties such as friction reduction, thickening, gelling, and high viscosity, guar gum is widely used in oil well drilling, geological drilling, and water drilling activities. The rise in oil drilling and oil recovery activities in countries such as Saudi Arabia, Iran, Iraq, the U.S., Canada, and Argentina is expected to increase the demand for guar gum in the coming years.

“North America is estimated to be the fastest-growing region in the market.”

In the global guar gum market, North America is estimated to be the fastest-growing region, in terms of value and volume, between 2017 and 2022. This region comprises developed economies such as the U.S., Canada, and Mexico, which occupies a significant share in the global guar gum market. Large volumes of guar gum imported by the U.S. and Canada, for the oil & gas industry, is the main factor contributing to the dominance and fast growth of

North America in the global guar gum market.

The rising shale gas industry coupled with the increase in consumer demand for processed & convenience foods in the North American and European regions, drive the demand of the guar gum. Application of guar gum in multiple industries such as mining, explosives, paper manufacturing, textile, firefighting, tobacco, and photography due to its multifunctional properties, is another factor contributing to the increasing demand for guar gum from these regions.

Break-up of primaries:

By Company Type: Tier 1 – 50 %, Tier 2 – 20%, and Tier 3 – 30%
By Designation: C level – 40%, Director level – 30%, and Others – 30%
By Region: North America –20%, Europe – 17%, Asia-Pacific – 48%, and RoW – 15%

The global market for guar gum is dominated by key players such as Vikas WSP Limited (India), Hindustan Gums & Chemicals Ltd. (India), India Glycols Limited (India), Rama Gum Industries (India) Ltd., Jai Bharat Gums & Chemicals Ltd. (India), Dabur India Ltd. (India), Neelkanth Polymers (India), Guangrao Liuhe Chemicals Co. Ltd. (China), Lucid Group (India), Global Gums & Chemicals Pvt. Ltd. (Pakistan), Ashland Specialty Ingredients (U.S.), Ingredion, Inc. (U.S.), Altrafine Gums (India), Ruchi Soya Industries Ltd. (India), and Supreme Gums Pvt. Ltd. (India).

Research Coverage

The guar gum market has been segmented on the basis of grade, application, function, food &beverage application, and region. In terms of insights, this research report has focused on various levels of analyses—industry analysis, market share analysis of top players, and company profiles, which together comprise and discuss the basic views on the competitive landscape, emerging & high-growth segments of the global guar gum market, high-growth regions, countries, and their respective regulatory policies, government initiatives, drivers, restraints, opportunities, and challenges.

Reasons to buy this report:


  • To get an overview of the global guar gum market

  • To get an overview of the key players of the guar gum industry

  • To gain insights of the major regions in which the guar gum market is growing

  • To gain knowledge of the growth of various grades of guar gum

Guar Gum Market by Function (Thickening, Gelling, Binding, Friction Reducing), Application (Food & Beverages, Oil & Gas, Paper Manufacturing, Mining & Explosives, Pharmaceuticals & Cosmetics), Grade, and Region - Global Forecast to 2022

Table of Contents

1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Study Scope
1.4 Periodization Considered
1.5 Currency Considered
1.6 Unit Considered
1.7 Stakeholders

2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Key Data From Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data From Primary Sources
2.1.2.2 Key Industry Insights
2.1.2.3 Breakdown of Primaries
2.2 Macroindicators
2.2.1 Introduction
2.2.1.1 Increasing Natural Gas Consumption
2.2.1.2 Increasing Demand for Processed Food Products
2.2.1.3 Growth in Livestock Population
2.2.1.4 Changing Climatic Conditions
2.3 Market Size Estimation
2.4 Market Breakdown & Data Triangulation
2.5 Assumptions and Limitations
2.5.1 Assumptions
2.5.2 Limitations

3 Executive Summary

4 Premium Insights
4.1 Attractive Opportunities in this Market
4.2 Guar Gum Market, By Grade
4.3 North America Held the Largest Share in this Market
4.4 Guar Gum Market, By Function
4.5 Market, By Food & Beverages Application
4.6 Market: By Region
4.7 Product Life Cycle, By Region

5 Market Overview
5.1 Introduction
5.2 Evolution of Guar Gum
5.3 Market Dynamics
5.3.1 Drivers
5.3.1.1 Growing Demand for Guar Gum in the Oil & Gas Industry
5.3.1.2 Increasing Applications of Guar Gum Owing to Its Multifunctional Properties
5.3.2 Restraints
5.3.2.1 Lack of R&D Activities in Some Countries
5.3.2.2 Trade Barriers
5.3.2.3 Fluctuating Prices of Guar and Its Products
5.3.2.3.1 Dependence On Climatic Conditions
5.3.2.3.2 High Dependency On Crude Oil Prices
5.3.3 Opportunities
5.3.3.1 Increased Consumption of Convenience Food
5.3.3.2 Emerging Markets That Have Immense Potential
5.3.4 Challenges
5.3.4.1 Development of Guar Gum Substitutes
5.3.4.2 Export-Oriented Commodity and Unavailability of Stocks

6 Guar Gum Market, By Grade
6.1 Introduction
6.2 Food-Grade
6.3 Industrial-Grade
6.4 Pharmaceutical-Grade

7 Guar Gum Market, By Function
7.1 Introduction
7.2 Thickening
7.3 Gelling
7.4 Binding
7.5 Friction Reducing
7.6 Other Functions

8 Guar Gum Market, By Application
8.1 Introduction
8.2 Oil & Gas
8.3 Food & Beverages
8.4 Mining & Explosives
8.5 Paper Manufacturing
8.6 Pharmaceuticals & Cosmetics
8.7 Others

9 Guar Gum Market, By Food & Beverage Application
9.1 Introduction
9.2 Bakery & Confectionery Products
9.3 Dairy & Frozen Products
9.4 Beverages
9.5 Sauces & Dressings
9.6 Others

10 Guar Gum Market, By Region
10.1 Introduction
10.2 North America
10.2.1 U.S.
10.2.2 Canada
10.2.3 Mexico
10.3 Europe
10.3.1 Germany
10.3.2 Spain
10.3.3 Italy
10.3.4 France
10.3.5 U.K.
10.3.6 Rest of Europe
10.4 Asia-Pacific
10.4.1 China
10.4.2 India
10.4.3 Pakistan
10.4.4 Rest of Asia-Pacific
10.5 RoW
10.5.1 South America
10.5.2 Middle East
10.5.3 Others in RoW

11 Regulations Governing the Guar Gum Market
11.1 Overview
11.2 North America
11.2.1 U.S.
11.2.2 Canada
11.3 Europe

12 Competitive Landscape
12.1 Introduction
12.2 Competitive Benchmarking
12.3 Company Ranking

*Top 15 Companies Analyzed for This Study are - Hindustan Gums & Chemicals Ltd. (India), Vikas WSP (India), India Glycols Ltd. (India), Rama Gum Industries (India), Dabur (India), Jai Bharat Gums & Chemicals Ltd. (India), Neelkanth Polymers (India), Guangrao Liuhe Chemicals Co. Ltd. (China), Lucid Group (India), Global Gums & Chemicals Pvt. Ltd. (Pakistan), Ashland Specialty Ingredients (U.S.), Ingredion Inc. (U.S.), Altrafine Gums (India), Ruchi Soya Industries Ltd. (India), Supreme Gums Pvt. Ltd. (India),

13 Company Profiles
(Overview, Products and Services, Financials, Strategy & Development)*
13.1 Cargill
13.2 E.I. Dupont De Nemours and Company
13.3 Shree Ram Industries
13.4 Ingredion Incorporated
13.5 Ashland Inc.
13.6 Vikas WSP Ltd.
13.7 Hindustan Gums and Chemical Limited
13.8 Dabur India Ltd
13.9 India Glycols Ltd
13.10 Neelkanth Polymers
13.11 Lucid Group
13.12 Global Gums and Chemicals Pvt Ltd
13.13 Guangrao Liuhe Chemical Co., Ltd.
13.14 Jai Bharat Gums and Chemicals Ltd
13.15 Altrafine Gums
13.16 Supreme Gums Private Limited
13.17 Ruchi Soya Industries Limited
13.18 Rama Gum Industries

*Details On Overview, Products and Services, Financials, Strategy & Development Might Not Be Captured in Case of Unlisted Companies.

14 Appendix
14.1 Discussion Guide
14.2 Knowledge Store: Marketsandmarkets’ Subscription Portal
14.3 Introducing RT: Real-Time Market Intelligence
14.4 Available Customizations
14.5 Related Reports
14.6 Author Details

List of Tables

Table 1 Guar Gum Market Size, By Grade, 2015–2022 (USD Million)
Table 2 Market Size, By Grade, 2015–2022 (KT)
Table 3 Food-Grade Guar Gum Market Size, By Region, 2015–2022 (USD Million)
Table 4 Food-Grade Guar Gum Market Size, By Region, 2015–2022 (KT)
Table 5 Industrial-Grade Guar Gum Market Size, By Region, 2015–2022 (USD Million)
Table 6 Industrial-Grade Guar Gum Market Size, By Region, 2015–2022 (KT)
Table 7 Pharmaceutical-Grade Guar Gum Market Size, By Region, 2015–2022 (USD Million)
Table 8 Pharmaceutical-Grade Guar Gum Market Size, By Region, 2015–2022 (KT)
Table 9 Guar Gum Market Size, By Function, 2015-2022 (USD Million)
Table 10 Market Size, By Function, 2015-2022 (KT)
Table 11 Thickening: Guar Gum Market Size, By Region, 2015-2022 (USD Million)
Table 12 Thickening: Market Size, By Region, 2015-2022 (KT)
Table 13 Gelling: Guar Gum Market Size, By Region, 2015-2022 (USD Million)
Table 14 Gelling: Market Size, By Region, 2015-2022 (KT)
Table 15 Binding: Guar Gum Market Size, By Region, 2015-2022 (USD Million)
Table 16 Binding: Market Size, By Region, 2015-2022 (KT)
Table 17 Friction Reducing: Guar Gum Market Size, By Region, 2015-2022 (USD Million)
Table 18 Friction Reducing: Market Size, By Region, 2015-2022 (KT)
Table 19 Other Functions: Guar Gum Market Size, By Region, 2015-2022 (USD Million)
Table 20 Other Functions: Market Size, By Region, 2015-2022 (KT)
Table 21 Guar Gum Market Size, By Application, 2015–2022 (USD Million)
Table 22 Market Size, By Application, 2015–2022 (KT)
Table 23 Guar Gum Market Size for Oil & Gas, By Region, 2015–2022 (USD Million)
Table 24 Market Size for Oil & Gas, By Region, 2015–2022 (KT)
Table 25 Guar Gum Market Size for Food & Beverages, By Region, 2015–2022 (USD Million)
Table 26 Market Size for Food & Beverages, By Region, 2015–2022 (KT)
Table 27 Guar Gum Market Size for Mining & Explosives, By Region, 2015–2022 (USD Million)
Table 28 Market Size for Mining & Explosives, By Region, 2015–2022 (KT)
Table 29 Guar Gum Market Size for Paper Manufacturing, By Region, 2015–2022 (USD Million)
Table 30 Market Size for Paper Manufacturing, By Region, 2015–2022 (KT)
Table 31 Guar Gum Market Size for Pharmaceuticals & Cosmetics, By Region, 2015–2022 (USD Million)
Table 32 Market Size for Pharmaceuticals & Cosmetics, By Region, 2015–2022 (KT)
Table 33 Guar Gum Market Size for Other Applications, By Region, 2015–2022 (USD Million)
Table 34 Market Size for Other Applications, By Region, 2015–2022 (KT)
Table 35 Guar Gum Market Size, By Food & Beverage Application, 2015–2022 (USD Million)
Table 36 Market Size, By Food & Beverage Application, 2015–2022 (KT)
Table 37 Guar Gum Market Size in Bakery & Confectionery Products, By Region, 2015–2022 (USD Million)
Table 38 Market Size in Bakery & Confectionery Products, By Region, 2015–2022 (KT)
Table 39 Guar Gum Market Size in Dairy & Frozen Food, By Region, 2015–2022 (USD Million)
Table 40 Market Size in Dairy & Frozen Food, By Region, 2015–2022 (KT)
Table 41 Guar Gum Market Size in Beverages, By Region, 2015–2022 (USD Million)
Table 42 Market Size in Beverages, By Region, 2015–2022 (KT)
Table 43 Guar Gum Market Size in Sauces & Dressings, By Region, 2015–2022 (USD Million)
Table 44 Market Size in Sauces & Dressings, By Region, 2015–2022 (KT)
Table 45 Guar Gum Market Size in Other Food & Beverage Applications, By Region, 2015–2022 (USD Million)
Table 46 Market Size in Other Food & Beverage Applications, By Region, 2015–2022 (KT)
Table 47 Guar Gum Market Size, By Region, 2015–2022 (USD Million)
Table 48 Market Size, By Region, 2015–2022 (KT)
Table 49 North America: Guar Gum Market Size, By Country, 2015–2022 (USD Million)
Table 50 North America: Market Size, By Country, 2015–2022 (KT)
Table 51 North America: Guar Gum Market Size, By Grade, 2015–2022 (USD Million)
Table 52 North America: Market Size, By Grade, 2015–2022 (KT)
Table 53 North America: Guar Gum Market Size, By Application, 2015–2022 (USD Million)
Table 54 North America: Market Size, By Application, 2015–2022 (KT)
Table 55 North America: Guar Gum Market Size, By Food & Beverage Application, 2015–2022 (USD Million)
Table 56 North America: Market Size, By Food & Beverage Application, 2015–2022 (KT)
Table 57 North America: Guar Gum Market Size, By Function, 2015–2022 (USD Million)
Table 58 North America: Market Size, By Function, 2015–2022 (KT)
Table 59 Europe: Guar Gum Market Size, By Application, 2015-2022 (USD Million)
Table 60 Europe: Market Size, By Application, 2015-2022 (KT)
Table 61 Europe: Guar Gum Market Size, By Food & Beverage Application, 2015-2022 (USD Million)
Table 62 Europe: Market Size, By Food & Beverage Application, 2015-2022 (KT)
Table 63 Europe: Guar Gum Market Size, By Grade, 2015-2022 (USD Million)
Table 64 Europe: Market Size, By Grade, 2015-2022 (KT)
Table 65 Europe: Guar Gum Market Size, By Function, 2015-2022 (USD Million)
Table 66 Europe: Market Size, By Function, 2015-2022 (KT)
Table 67 Europe: Guar Gum Market Size, By Country, 2015-2022 (USD Million)
Table 68 Europe: Market Size, By Country, 2015-2022 (KT)
Table 69 Asia-Pacific: Guar Gum Market Size, By Application, 2015–2022 (USD Million)
Table 70 Asia-Pacific: Market Size, By Application, 2015–2022 (KT)
Table 71 Asia-Pacific: Guar Gum Market Size, By Food & Beverage Application, 2015–2022 (USD Million)
Table 72 Asia-Pacific: Market Size, By Food & Beverage Application, 2015–2022 (KT)
Table 73 Asia-Pacific: Guar Gum Market Size, By Grade, 2015–2022 (USD Million)
Table 74 Asia-Pacific: Market Size, By Grade, 2015–2022 (KT)
Table 75 Asia-Pacific: Guar Gum Market Size, By Function, 2015–2022 (USD Million)
Table 76 Asia-Pacific: Market Size, By Function, 2015–2022 (KT)
Table 77 Asia-Pacific: Guar Gum Market Size, By Country, 2015–2022 (USD Million)
Table 78 Asia-Pacific: Market Size, By Country, 2015–2022 (KT)
Table 79 RoW: Guar Gum Market Size, By Application, 2015-2022 (USD Million)
Table 80 RoW: Market Size, By Application, 2015-2022 (KT)
Table 81 RoW: Guar Gum Market Size, By Food & Beverage Application, 2015-2022 (USD Million)
Table 82 RoW: Market Size, By Food & Beverage Application, 2015-2022 (KT)
Table 83 RoW: Guar Gum Market Size, By Grade, 2015-2022 (USD Million)
Table 84 RoW: Market Size, By Grade, 2015-2022 (KT)
Table 85 RoW: Guar Gum Market Size, By Function, 2015-2022 (USD Million)
Table 86 RoW: Market Size, By Function, 2015-2022 (KT)
Table 87 RoW: Guar Gum Market Size, By Region, 2015-2022 (USD Million)
Table 88 RoW: Market Size, By Region, 2015-2022 (KT)
Table 89 Recent Developments

List of Figures

Figure 1 Market Segmentation
Figure 2 Guar Gum Market: Research Design
Figure 3 Breakdown of Primary Interviews: By Company Type, Designation, and Region
Figure 4 Increasing Natural Gas Consumption, 2012-2040 (Trillion Cubic Feet)
Figure 5 RTE and Snacks & Savory Products Segments Held ~35% in the Food Sector in 2013
Figure 6 Livestock Population Count, 2010 Vs. 2014 (Million)
Figure 7 Interdependence of Guar Production and Rainfall in Haryana, 2009–2011
Figure 8 Market Size Estimation: Bottom-Up Approach
Figure 9 Market Size Estimation Methodology: Top-Down Approach
Figure 10 Market Breakdown & Data Triangulation
Figure 11 Global Overview of Guar Gum Market, 2015–2022
Figure 12 Global Overview of the Guar Gum Market, By Grade, 2017–2022
Figure 13 Guar Gum Market Size, By Application, 2017–2022 (USD Million)
Figure 14 Market Size, By Function, 2017–2022 (USD Million)
Figure 15 Market Size, By Region
Figure 16 Guar Gum Stands As an Emerging Market With Promising Growth Potential, 2017–2022 (USD Million)
Figure 17 Industrial-Grade Segment Projected to Grow at the Highest Rate From 2017 to 2022
Figure 18 Oil & Gas Application Held the Largest Share in the North American Region in 2016
Figure 19 Gelling Segment is Projected to Be the Largest Between 2017 and 2022
Figure 20 Bakery & Confectionery Products Dominated All Regions in 2016, in Terms of Value
Figure 21 North America is Projected to Be the Fastest Growing Region in the Guar Gum Market in 2016
Figure 22 The Guar Gum Market is at A Growing Stage
Figure 23 Evolution of Guar Gum
Figure 24 Guar Gum Market: Drivers, Restraints, Opportunities, and Challenges
Figure 25 Top Ten Countries With Technically Recoverable Wet Shale Gas Resources (Trillion Cubic Feet)
Figure 26 Guar Gum Consumption By the U.S. Oil & Gas Industry
Figure 27 Production of Guar is Directly Proportional to Rainfall, 2008–2011
Figure 28 Guar Gum Market Segmentation, By Grade
Figure 29 Industrial-Grade Guar Gum Market Size, By Region, 2017 Vs. 2022 (USD Million)
Figure 30 Guar Gum Market, By Application
Figure 31 Guar Gum Market Size for Oil & Gas, By Region, 2017 Vs. 2022 (USD Million)
Figure 32 Guar Gum Market Segmentation, By Food & Beverage Application
Figure 33 Bakery & Confectionery Products Market, By Region, 2017 Vs. 2022 (USD Million)
Figure 34 Dairy & Frozen Products Market, By Region, 2017 Vs. 2022 (USD Million)
Figure 35 Geographic Snapshot (2017–2022) – Rapid Growth Markets are Emerging As New Hotspots
Figure 36 North American Market Snapshot: Demand to Be Driven By Increase in the Consumption of Processed Foods
Figure 37 Europe: Guar Gum Market Snapshot
Figure 38 Cargill: Company Snapshot

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